The company could rein in deposit costs, cut operational expenses and buy back more shares in anticipation of a Federal Reserve rate reduction. Other banks — especially big ones — could do the same.
The Treasury secretary said the U.S. government has significant concerns about digital currencies, including their potential as tools for money launderers.
David Marcus, who oversees Facebook’s digital wallet, plans to tell Congress that the company will roll out Libra only after it has "received appropriate approvals.”
As the shift to digital and mobile platforms gains momentum, payment fraud losses continue to be a significant problem for financial institutions. Are you mitigating your risks?
The U.S. payment system is at a critical juncture as advancements in computing speed and an influx of new payment solutions, and providers, reshape the global payment processing landscape. Here's what you need to know.
The bank is taking a concept that has worked for years in the credit card world — artificial-intelligence-based fraud detection — and applying it to corporate customers' transactions.
Lawmakers circulated a bill just ahead of hearings on Facebook’s Libra cryptocurrency that would prohibit companies with over $25 billion in annual revenue from launching a digital financial asset.
